News

February 02, 2023
The shareholders of Minesto AB (publ), reg. no. 556719-4914 (“Minesto” or the “Company”), are hereby given notice to attend the Extraordinary General Meeting to be held on Monday, 20 February 2023 at 1:00 p.m. at MAQS Advokatbyrå’s premises on Östra Hamngatan 24 in Göteborg.Read more »
Exercising voting rights at the Extraordinary General Meeting Any shareholder wishing to participate at the Extraordinary General Meeting must: be entered in the share register kept by Euroclear Sweden AB as per Friday 10 February 2023, and, if the shares are nominee-registered, and have registered... Read more »
February 02, 2023
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEELAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS...Read more »
Summary The board of directors in Minesto has today, subject to the approval by an extraordinary general meeting, resolved to carry out the Rights Issue. The extraordinary general meeting will be held on 20 February 2023 and the notice will be published through a separate press release. The net... Read more »
February 01, 2023
Minesto, leading ocean energy developer, signs today a collaboration agreement (MoU) that outlines goals, roles, and responsibilities of a strategic collaboration with experienced Philippines-based tidal project developer, Poseidon Renewable Energy Corporation.Read more »
The Philippines is one of the largest markets for deployment of tidal and ocean current energy farms and the need for renewable electricity is increasing with both economic development and new ambitious goals for increased share of renewables in the energy mix. In late 2022, changes in legislation... Read more »
January 23, 2023
Minesto, leading ocean energy developer, and SEV, Faroese utility company, have renewed and expanded the collaboration agreement outlining respective roles and responsibilities related to tidal energy build out in the Faroe Islands, including the ongoing electricity production in Vestmannasund and...Read more »
An important add-on to the extended agreement stipulates the exclusive nature of the collaboration regarding the Hestfjord site development and build-out. This aspect facilitates and supports the ongoing work to create an attractive investment and the set-up of a Special Purpose Vehicle (SPV) to... Read more »
January 13, 2023
Minesto, leading ocean energy developer, announces today that the company has received its first historic sales order of site development services for Dragon Class tidal energy powerplants to a major corporation in the Asian offshore energy sector.Read more »
Minesto has been contracted to support a leading Asian corporation in the offshore energy sector for evaluation of a tidal-current site targeting deployment of Minesto Dragon Class tidal energy powerplants. The work is planned to be completed in the first quarter of 2023 and has an initial order... Read more »
December 23, 2022
Minesto has signed a long-term lease agreement with the Vestmanna municipality and Faroese utility company SEV for port access and onshore operations and maintenance (O&M) work site. The agreement grants access to a 2,050 m[2] site in the inner harbour of Vestmanna, Inni á Fjørð; including a...Read more »
Site preparations have been completed and installation of the control station and maintenance infrastructure has been initiated. This site will accommodate the O&M hub for tidal energy production at the existing site in Vestmannasund, and the planned buildout of commercial tidal energy arrays... Read more »
December 22, 2022
Leading ocean energy developer Minesto has successfully completed additional offshore infrastructure installation in Vestmannasund, Faroe Islands, to double electricity production from two Dragon 4 (100kW) tidal energy power plants in an array set-up.Read more »
A second foundation, subsea cable and onshore interface have been successfully installed, and the subsea infrastructure is ready for a second kite installation and electricity production. The installations have been carried out with small vessels together with experienced partners to further reduce... Read more »
December 20, 2022
Minesto and Faroese utility company SEV are featured on the latest episode of the Spotify Original “Climate Action Studios” podcast. The episode highlights the Faroe Islands as a case study of how Minesto’s tidal energy technology can accelerate renewable energy transition.Read more »
The latest episode of Spotify’s Climate Action Studios, “Live from COP27 – the power of the sea” is introduced with an intriguing caption: “Wind, solar and now tidal streams and ocean currents? The renewable energy space is rapidly developing and innovating and now you can learn more about the... Read more »
December 06, 2022
Minesto has signed two collaboration agreements for development in the Nusa Tengara Barat region, Indonesia today. A Memorandum of Understanding (MoU) has been signed between Minesto and the regional Eco Regions Indonesia, as well as a Letter of Intent (LoI) between Minesto and the Nusa Tengara...Read more »
The initiative in Indonesia is part of Minesto's broader market establishment in Southeast Asia. The Nusa Tengara Barat region has ambitious sustainability goals and is a forerunner in Indonesia’s energy transition. The regional commitment and availability of ocean currents make Nusa Tengara Barat... Read more »

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